settlement (n.)
1620s, "act of fixing or steadying;" from settle (v.) + -ment. Meaning "a colony," especially a new one, "tract of country newly developed" is attested from 1690s; that of "small village on the frontier" is from 1827, American English. Sense of "payment of an account" is from 1729; legal sense "a settling of arrangements" (of divorce, property transfer, etc.) is from 1670s.
Entries linking to settlement
From c. 1300 of birds, etc., "to alight." From early 14c. as "sink down, descend; cave in." Early 15c. in reference to suspended particles in a liquid. Sense of "establish a permanent residence" first recorded 1620s; that of "decide" is 1620s. Meaning "secure title to by deed" is from 1660s.
Meaning "reconcile" (a quarrel, differences, etc.) perhaps is influenced by Middle English sahtlen "to reconcile," from Old English saht "reconciliation," from Old Norse satt "reconciliation." To settle down "become content" is from 1853; transitive sense from 1520s; as what married couples do in establishing domesticity, from 1718. To settle for "content oneself with" is from 1943.
common suffix of Latin origin forming nouns, originally from French and representing Latin -mentum, which was added to verb stems to make nouns indicating the result or product of the action of the verb or the means or instrument of the action. In Vulgar Latin and Old French it came to be used as a formative in nouns of action. French inserts an -e- between the verbal root and the suffix (as in commenc-e-ment from commenc-er; with verbs in ir, -i- is inserted instead (as in sent-i-ment from sentir).
Used with English verb stems from 16c. (for example amazement, betterment, merriment, the last of which also illustrates the habit of turning -y to -i- before this suffix).
The stems to which -ment is normally appended are those of verbs; freaks like oddment & funniment should not be made a precedent of; they are themselves due to misconception of merriment, which is not from the adjective, but from an obsolete verb merry to rejoice. [Fowler]
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they finally reached a settlement with the union